NewEdge Wealth LLC Has $946,000 Position in The Boeing Company $BA

NewEdge Wealth LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 39.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,755 shares of the aircraft producer’s stock after selling 3,086 shares during the quarter. NewEdge Wealth LLC’s holdings in Boeing were worth $946,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Alesco Advisors LLC An ESL Co lifted its stake in shares of Boeing by 59.2% during the 1st quarter. Alesco Advisors LLC An ESL Co now owns 2,044 shares of the aircraft producer’s stock worth $407,000 after buying an additional 760 shares during the last quarter. CI Investments Inc. raised its holdings in Boeing by 5,624.7% in the 1st quarter. CI Investments Inc. now owns 167,849 shares of the aircraft producer’s stock valued at $33,407,000 after acquiring an additional 164,917 shares during the period. First Trust Advisors LP lifted its position in Boeing by 2.9% during the first quarter. First Trust Advisors LP now owns 755,537 shares of the aircraft producer’s stock worth $150,374,000 after acquiring an additional 21,274 shares during the last quarter. Marin Bay Wealth Advisors LLC lifted its position in Boeing by 1,476.5% during the first quarter. Marin Bay Wealth Advisors LLC now owns 28,534 shares of the aircraft producer’s stock worth $5,679,000 after acquiring an additional 26,724 shares during the last quarter. Finally, Millennium Capital Advisors LLC lifted its position in Boeing by 10.8% during the first quarter. Millennium Capital Advisors LLC now owns 5,135 shares of the aircraft producer’s stock worth $1,022,000 after acquiring an additional 501 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Btg Pactual set a $260.00 price target on Boeing in a report on Tuesday, July 14th. Tigress Financial lifted their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley boosted their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company began coverage on Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $261.53.

Boeing Stock Performance

NYSE BA opened at $211.69 on Tuesday. The firm has a 50-day moving average price of $219.17 and a two-hundred day moving average price of $224.20. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a market capitalization of $166.88 billion, a P/E ratio of 102.76 and a beta of 1.21. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Federal Aviation Administration recently restored Boeing’s authority to issue airworthiness certificates for newly produced 737 MAX and 787 aircraft after months of testing and safety audits. The milestone could help reduce delivery bottlenecks and supports the view that the 737 MAX recovery is progressing. Does Boeing’s FAA Win Signal the 737 MAX Turnaround Is Finally Underway?
• Positive Sentiment: Emirates reportedly remains eager to receive the larger 777X aircraft, offering a positive demand signal for Boeing’s long-delayed wide-body program. Continued customer interest could reinforce the program’s long-term revenue potential, although delivery timing remains important. Emirates Eager to See Bigger 777X Aircraft, Boeing Stock Gains
• Neutral Sentiment: Boeing is scheduled to report second-quarter results before the bell on July 28. Analysts expect a narrower loss, but investors will focus more heavily on free cash flow, production rates, aircraft deliveries, backlog conversion and management’s outlook for the turnaround. Boeing Set to Report Earnings – Here’s What Investors Should Watch
• Neutral Sentiment: Boeing earnings are one of the week’s major market events alongside reports from Ford and Visa, consumer-confidence data, inflation figures and the Federal Reserve meeting. These broader catalysts could increase volatility in BA and influence expectations for aerospace demand and interest rates. Boeing & Ford Earnings, July Consumer Confidence: What to Watch
• Negative Sentiment: The earnings preview highlights continued turnaround risk. Boeing’s stock has declined over the past year, while its substantial debt burden and weak liquidity metrics leave little room for production setbacks or additional cash needs. Investors are seeking clear evidence that manufacturing and deliveries are improving. Boeing Q2 Earnings Preview: What to Expect

Insider Buying and Selling at Boeing

In related news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Boeing Profile

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.